Users should be aware of the following deadlines🔴
The affected spot trading pairs are😳⚠️
$AKRO /USDT
$BLZ /BTC
#BLZ​​​ /USDT
$WRX /USDT
Trading for these pairs will cease at 03:00 (UTC) on December 25, 2024.

Kaon (#AKRO )

Bluzelle (#BLZ😈 )

WazirX (#WRX )

Deposits: Will be disabled after December 26, 2024.
Withdrawals: Will be suspended after February 25, 2025.
Additionally, the BLZUSDT perpetual contract on Binance Futures will close at 12:00 (UTC) on December 23, 2024.
It's advisable to close any open positions and withdraw your assets before these deadlines to avoid potential inconveniences.
#DelistingNotice

Binance, one of the world’s largest cryptocurrency exchanges, frequently reviews and delists certain cryptocurrencies. These removals have significant implications for traders, investors, and the wider crypto community. This article explores why Binance delists cryptocurrencies, the immediate impacts of delisting, and what users can expect if they hold a delisted asset in their wallets.
Why Binance Delists Cryptocurrencies
Cryptocurrency exchanges like Binance are vigilant in managing the assets they list to ensure quality, user safety, and platform security. Binance has outlined several factors it considers when assessing whether to delist a cryptocurrency:
Project and Team Commitment: Binance seeks projects that demonstrate ongoing commitment and innovation. When development teams stop communicating updates or abandon the project, Binance views this as a risk factor.Liquidity and Trading Volume: Cryptocurrencies with low trading volumes and liquidity are vulnerable to price manipulation and have reduced appeal to traders. Delisting low-activity assets ensures Binance can focus on cryptocurrencies that have strong market interest and stability.Security Issues: Binance delists assets that show repeated security vulnerabilities, such as hacking incidents, smart contract bugs, or a lack of compliance with platform security standards.Legal and Regulatory Concerns: Regulatory scrutiny can lead to delisting. For example, if a token is classified as a security in certain jurisdictions without the necessary approvals, Binance may delist it to avoid legal complications.Utility and Real-World Adoption: Binance favors projects with real-world use cases or those that bring significant value to the crypto ecosystem. Cryptocurrencies that do not meet this criterion or those deemed redundant in their function are candidates for delisting.Project’s Ethical Behavior: Binance requires teams to follow high standards of integrity and ethics. If a project engages in deceptive marketing or fraudulent practices, it can face delisting as Binance strives to protect user interests and maintain platform integrity.
By conducting regular reviews, Binance aims to ensure only high-quality assets are available on its exchange, thereby minimizing risks for users and maintaining a strong reputation in the crypto industry.
What Happens After a Delisting Announcement?
Once Binance announces a delisting, a sequence of actions follows that affects the trading and storage of the cryptocurrency. Here’s what usually happens:
Suspension of Trading: Binance will halt trading for the delisted asset, typically within a week or two after the announcement. During this period, users can still buy or sell the asset, but once trading is suspended, no further trades are allowed.Withdrawal Window: Binance generally provides a window (often 30 to 90 days) during which users can withdraw the delisted asset from the exchange. After this window, Binance will fully remove support for the token. Users are advised to transfer their assets to an external wallet or another exchange before the deadline.Notification to Users: Binance sends multiple notifications, both through the platform and email, to alert users of the delisting. This helps ensure users have ample time to make arrangements for their assets.Impact on Token Liquidity and Value: Delistings often lead to a sharp drop in the asset’s price, as the removal from a major exchange limits the cryptocurrency’s accessibility and reduces its liquidity. However, in some cases, the asset may find stability on other exchanges, especially if it has a strong community or established use cases.
What Happens to Delisted Crypto in User Wallets?
For users who hold a delisted cryptocurrency in their Binance wallets, the handling of these assets depends on whether they take action within the withdrawal window.
During the Withdrawal Period: Users can transfer the delisted cryptocurrency from their Binance wallet to a private wallet or another exchange that still supports it. Binance does not impose restrictions on withdrawals during this period, allowing users to retain full control of their assets.After the Withdrawal Period Ends: Once the withdrawal window closes, Binance will disable withdrawals for the delisted asset. Any assets left in the user’s Binance wallet after this point are typically inaccessible on Binance’s platform. However, the user still retains ownership of these assets and may be able to access them if Binance re-lists the cryptocurrency in the future.Holding on a Private Wallet: If users transfer their delisted assets to a private wallet, they continue to own and control those tokens. While they cannot trade them on Binance, they may trade them on other exchanges that still list the asset, use decentralized exchanges, or hold the tokens until potential re-listing or price recovery.Conversion or Exchange Offers: In some cases, Binance may offer an option to convert delisted tokens into another asset, such as Bitcoin or Binance Coin, at a pre-set exchange rate. However, this is rare and usually limited to high-profile delistings where a large number of users are affected.
The Broader Impact of a Delisting
Delisting events can have significant implications for both the cryptocurrency and its community:
Decreased Market Visibility: Being removed from a major exchange like Binance reduces a cryptocurrency's visibility and accessibility, potentially weakening its user base.Reduced Trading Volume: Binance is one of the largest crypto exchanges globally, so delisting often results in a substantial reduction in trading volume, which can hurt liquidity and increase price volatility.Community Reaction: A delisting may damage the reputation of a cryptocurrency project. However, projects with active development teams and loyal communities can continue to thrive, especially if they are listed on other reputable exchanges.Future Re-Listing Potential: If a delisted cryptocurrency shows improvements, such as increased market demand or security upgrades, Binance may consider re-listing it in the future. This, however, is uncommon and usually applies only to projects with clear evidence of progress and positive community impact.
Conclusion
Binance’s decision to delist cryptocurrencies stems from a commitment to user security, regulatory compliance, and maintaining a high standard for the assets on its platform. For users, a delisting announcement is a reminder to assess their investments and take timely action to safeguard their holdings.
Delisting can be challenging, especially when it impacts the liquidity and accessibility of an asset. Nonetheless, proactive steps, such as transferring delisted assets to private wallets or other exchanges, allow users to retain control and potentially find new trading opportunities.

#DelistingNotice #Update #Dyor2024 #Write2Earn! #BinanceSquareFamily

🔷 In a recent announcement, Binance, one of the world’s largest cryptocurrency exchanges, revealed that it will be delisting five cryptocurrencies from its platform. This move is set to take effect on December 10th, 2024, at 03:00 UTC. The coins affected by this delisting are Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN).
Here’s a breakdown of the delisting process and its impact on traders and holders of these cryptocurrencies.
🔶 Delisting Details: Which Coins Are Affected?
As part of its routine platform maintenance and commitment to supporting only high-quality and active projects, Binance has decided to remove trading pairs associated with five cryptocurrencies. The coins set to be delisted include:
Gifto (GFT)IRISnet (IRIS)SelfKey (KEY)OAX (OAX)Ren (REN)
The specific trading pairs affected will be:
GFT/USDTIRIS/BTCIRIS/USDTKEY/USDTOAX/BTCOAX/USDTREN/BTCREN/USDT
As of the delisting date, users will no longer be able to trade these pairs on Binance.
🔶 Key Dates to Remember
Binance has set clear dates for the suspension of various activities related to the delisting. Here’s a timeline of key events:
December 10, 2024 (03:00 UTC) – The aforementioned trading pairs will be removed from the platform.December 11, 2024 (03:00 UTC) – Deposits of the five delisted cryptocurrencies will no longer be supported on Binance.February 12, 2025 (03:00 UTC) – Withdrawals of the affected cryptocurrencies will be fully suspended.
Users holding these assets are advised to act promptly to transfer or convert their holdings before the deadlines.
🔶 What Does This Mean for Users?
1. Suspension of Deposits and Withdrawals
As the delisting date approaches, Binance will first stop supporting deposits for the affected coins on December 11, 2024. This means that users will not be able to send these coins to Binance after that date. Therefore, if you hold any of these cryptocurrencies on Binance, it’s crucial to withdraw or convert them into another asset before the deposit suspension takes effect.
2. Automatic Deactivation of Orders
Once the delisting happens on December 10th, any open orders related to the affected trading pairs will automatically be canceled. This includes limit and market orders for GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Therefore, users should be prepared to manage their open orders before the cutoff date.
3. Impact on Cycle Transactions
Both KEY (SelfKey) and REN (Ren Protocol) will be removed from Binance’s cycle transactions. This means these assets will no longer be available for automated periodic purchases, which could impact users who rely on the feature for regular investments.
🔶 Why Is Binance Delisting These Cryptocurrencies?
The reasons behind delistings can vary, but they typically involve factors like low trading volume, lack of development, or failure to meet Binance’s internal listing standards. Binance has emphasized its commitment to maintaining a healthy trading environment by periodically removing coins that no longer meet its criteria for liquidity, user demand, or security.
This move is part of Binance’s ongoing effort to ensure the platform remains efficient and focused on the most promising assets in the crypto market. While Binance did not provide specific reasons for each individual cryptocurrency’s delisting, these actions are aligned with the exchange’s history of keeping its platform clean and sustainable for users.
🔶 What Should Users Do Next?
If you are holding any of the affected cryptocurrencies on Binance, it’s essential to act quickly. Here are some recommended steps:
Withdraw or Convert Your Coins: If you want to retain access to your holdings, it’s best to either withdraw them to an external wallet or convert them into another cryptocurrency or stablecoin before the deposit suspension on December 11th.Monitor Withdrawal Deadlines: Be aware of the final withdrawal deadline, February 12, 2025. After this date, you will no longer be able to withdraw the delisted coins from Binance.Check for Alternative Exchanges: If you still wish to hold any of these coins, research other exchanges or decentralized platforms that might continue supporting them. Make sure to transfer your assets well ahead of Binance’s suspension dates.
🔶 The Bigger Picture: Binance’s Delisting Strategy
Binance’s decision to delist these five cryptocurrencies highlights the dynamic nature of the crypto industry. Cryptocurrencies that were once highly popular can fall out of favor due to various reasons such as low project activity or shifts in market interest. As Binance continues to refine its listing standards, it’s clear that users need to stay proactive in managing their portfolios on exchanges, especially in such a fast-moving market.
The delisting process may seem inconvenient, but it’s a reminder of the volatility and the rapid changes in the cryptocurrency ecosystem. For users, it’s important to remain informed about such announcements and always have a backup plan for their holdings.
🔶 Conclusion: Take Action Before It’s Too Late
Binance’s delisting of Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) is a significant move, but it also offers users a chance to review their portfolios and make informed decisions. To avoid any disruptions, users should act swiftly by withdrawing or converting their affected coins before the delisting process is finalized. As the crypto space continues to evolve, it’s important for traders and investors to stay on top of exchange updates and make timely decisions to safeguard their assets.
#DelistingNotice #BTCWatchZone #GameFiOnTheRise

On December 16, 2024, Binance plans to delist the perpetual futures contracts for Mavia (#MAVIAUSDT ), OMG Network (#OMG/USDT ), and BarnBridge (#BOND/USDT ). This decision is part of Binance’s routine review to ensure the quality and liquidity of trading options on its platform. The spot trading for these tokens remains unaffected, meaning they can still be traded on other available pairs or held in wallets.
➡️Users with active positions in the perpetual futures for these tokens should close them before the delisting date to avoid forced liquidation. Additionally, Binance advises transferring related assets from futures wallets to avoid any disruptions.
#DYOR #DelistingNotice @Binance France Live @Binance Square Official